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Myer Holdings Limited ( (AU:MYR) ) has issued an update.
Myer Holdings Limited addressed queries from the Australian Securities Exchange regarding its financial performance for the year ending July 2025. The company reported that its earnings did not materially differ from market expectations, as it had not issued earnings guidance and relied on sell-side analyst forecasts. Despite a 9% variance in Underlying NPAT from analyst forecasts, Myer emphasized that this did not trigger disclosure obligations. The company attributed financial impacts to increased promotional activity, rising operational costs, and significant non-cash impairments related to acquisitions, indicating a period of transition and strategic integration.
The most recent analyst rating on (AU:MYR) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Myer Holdings Limited stock, see the AU:MYR Stock Forecast page.
More about Myer Holdings Limited
Myer Holdings Limited operates in the retail industry, offering a range of products through its Myer Retail and Myer Apparel Brands. The company focuses on providing a variety of consumer goods and apparel, catering to a broad market segment.
Average Trading Volume: 6,962,483
Technical Sentiment Signal: Sell
Current Market Cap: A$802.2M
See more insights into MYR stock on TipRanks’ Stock Analysis page.